Red Company (RC) utilizes an integrated teaching approach designed to teach students financial statement analysis by using a combination of a textbook/workbook and a software driven financial statement simulation model for a hypothetical company called "Red Company". RC is typically used at the end of Introductory Financial Accounting courses at both the undergraduate and graduate levels. RC can effectively be used in an entry level course as a self-study with little to no lecturing by the instructor. At the completion of RC, students have the ability to perform financial statement analysis on actual public companies and to evaluate their financial performance.